Are you looking to set up a discretionary trust? There are a number of reasons why you may choose to set up a discretionary trust, including tax benefits and asset protection. If you want to take advantage of these benefits, a member of the team here at LegalVision can set up a discretionary trust on your behalf.
Here at LegalVision, our lawyers work primarily online, which allows us to assist our clients efficiently and keep our fees fixed and competitive. If you would like a LegalVision specialist to assist you to set up a discretionary trust, call 1300 544 755. Otherwise, fill out the form and we can call you right back!
As an online law firm, we are able to meet deadlines while providing a cost-effective, high quality solution to the exorbitant fees charged by traditional law firms. If you think you could benefit from setting up a discretionary trust, whether from tax concessions or asset protection, get in touch with our finance lawyers and they can provide you with a fixed-fee quote.
A trust is vested when a person (the Settlor) leaves property for another person (the Trustee). The Trustee has an obligation to hold that property on behalf of another person or group of people (the Beneficiaries). Depending on the terms of the Trust Deed between the Trustee and the Settlor, the obligations of each party may vary. In general, however, the Trustee will become the legal owner of the trust property, whereas the beneficiaries will hold the beneficial interest to the property.
